What makes a good trader?

Brumby

Established member
593 139
A good trader is one who focuses on his trading skills and not necessarily on his money. This is a physiological trick. When you concentrate on your trading skills and how to improve every time, I think you will be more confident when executing trades.

It is easier said than done.

One reason why we see so many analysts, authors and educators rather than good traders.
 

15 min tlb

Senior member
2,057 98
A good trader is one who focuses on his trading skills and not necessarily on his money. This is a physiological trick. When you concentrate on your trading skills and how to improve every time, I think you will be more confident when executing trades.

Confidence come with experience of using a consistently profitable method.Trading is very simple and highly profitable , and people with simple highly profitable methods find it difficult to implement them.

So what is the profit gap?
 

ftsedaystrategy

Junior member
45 0
People with simple and profitable method cannot convince themselves that something simple cannot be the “method”, thus go on improving and tinkering with it until loosing time and trading capital in that process.

One Mr Albert Einstein aptly said “any intelligent fool can make things bigger and more complex. It takes a touch of genius and a lot of courage to move in the opposite direction.”
 

numbertea

Well-known member
257 9
I've gone through years of chasing the complicated and being told that I was on the right track by many people who trade but I wasn't making any money. I finally settled on learning the technicals of market makers, they make money, and I have settled on scalping. I fought all my trader friends on this but now they want me to teach them. Just don't give up, even a blind man will eventually find the door.
 

NVP

Legendary member
37,766 2,101
Confidence come with experience of using a consistently profitable method.Trading is very simple and highly profitable , and people with simple highly profitable methods find it difficult to implement them.

So what is the profit gap?[/QUOTE]

the one between most Trader's ears ........:p
 

NVP

Legendary member
37,766 2,101
become a good trader is no different to becoming a good anything in life....

same rules
N
 

up-down

Member
63 3
1, markets knowledge
2, working capital
3, never play all in in the game.

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4, timing and a little bit of luck
 
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Babyblush

Active member
132 4
Knowledge and total account management skills marks a huge difference between the bad and the good trader.
 

fxrookie24

Junior member
23 0
Many articles I've reason and people Ive spoken to say discipline and patience are the two traits which will make you. This is actually pretty darn good for psychology...Im muddling my way through this website and here is a set of 'trading affirmations' which I will probably put into action to help with my own psychology...I do find myself still jumping into the market for now reason so hopefully this will help!

TRADING AFFIRMATIONS ARTICLE
Trading Affirmations: for the Successful Trader's Mindset | The Lazy Trader

...also:

TRADING IN THE ZONE BY M. DOUGLAS
 

Dameon

Junior member
31 1
so after reading everything that I could ever find, I can say what makes me better trader is continuous practice and keeping my head high at all times.
 
 
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